Amitava Mukherjee

NMDC's vertically integrated iron ore operations are experiencing significant momentum, underscored by the recent commissioning of a ₹5,427 crore complex in Chhattisgarh that includes a slurry pipeline and pellet plant, bolstering its ability to process iron ore fines and supporting its ambitious 100 MTPA production target. Record FY26 production of 53.16 MT and sales of 50.24 MT fueled a 10.9% increase in profit after tax to ₹7,421 crore, demonstrating improved operational efficiency and market demand. While contingent liabilities and minor regulatory fines remain, the company's turnaround at NMDC Steel, posting a ₹59 crore profit after a substantial loss last year, signals a positive trajectory for the integrated steelmaker and suggests continued value creation for investors.